Renée Laflamme Sells 12,500 Shares of iA Financial (TSE:IAG) Stock

iA Financial Co. Inc. (TSE:IAG) insider Renée Laflamme sold 12,500 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of C$192.81, for a total value of C$2,410,125.00. Following the completion of the sale, the insider owned 11,645 shares in the company, valued at approximately C$2,245,272.45. This trade represents a 51.77% decrease in their position.

Renée Laflamme also recently made the following trade(s):

• On Friday, May 22nd, Renée Laflamme sold 10,000 shares of iA Financial stock. The shares were sold at an average price of C$174.04, for a total value of C$1,740,400.00.

iA Financial Trading Up 0.3%

IAG stock opened at C$195.83 on Wednesday. iA Financial Co. Inc. has a one year low of C$133.36 and a one year high of C$196.40. The stock has a market cap of C$17.48 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.26 and a beta of 0.97. The company has a fifty day moving average price of C$176.84 and a two-hundred day moving average price of C$169.47. The company has a debt-to-equity ratio of 18.46, a current ratio of 0.60 and a quick ratio of 0.17.

iA Financial (TSE:IAG) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C$3.25 earnings per share for the quarter. The company had revenue of C$2.74 billion for the quarter. iA Financial had a net margin of 9.87% and a return on equity of 12.80%. Equities analysts anticipate that iA Financial Co. Inc. will post 11.6187564 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IAG. National Bank Financial reduced their price objective on iA Financial from C$181.00 to C$179.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. TD cut iA Financial from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$193.00 to C$190.00 in a report on Wednesday, May 6th. Desjardins boosted their price target on iA Financial from C$173.00 to C$174.00 and gave the company a “hold” rating in a research note on Friday, April 17th. TD Securities lowered iA Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, Scotia decreased their price objective on iA Financial from C$183.00 to C$168.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Nine analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$177.78.

About iA Financial

iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares). To learn more about iA Financial Group, you can sign up for our newsletter on our website at ia.ca. iA Financial Group is a business name and trademark of iA Financial Corporation Inc